Energy Markets - What's Going On?

The energy industry has under invested and the economies recovered from covin, weare now in the situation where we have a very stretched capacity. The losers are anything that is consumer discretionary, but the beneficiaries are the oil companies who are collecting your sixpents a gallon until that problem is solved. And so one way to think about it is these super major oil companies, which people tend not to like very much, are going to be generating very high levels of cash will throughout a period when everybody else is suffering.